Tether launches own crypto wallet. Here's how you can profit from its success.

One of the best businesses in crypto and keeps on innovating.

This week, Tether launched its own self-custodial wallet. It gives you a direct way to hold, send, and transact in crypto without banks, intermediaries, or the usual crypto friction. No long wallet addresses or extra gas tokens. Just tap and send.

Tether is no longer providing just the infrastructure behind their instant payments. They want to own the front end too.

I continue to be impressed by Tether.

Last year, they raked in $10 billion in profit with just 300 employees.

Unfortunately you can`t invest in Tether. It’s native crypto USDT is pegged to one dollar. You also can’t buy its stock since it’s a private company.

But that does not mean that you can`t profit from Tether`s ongoing success. As I’ll show you, there’s a backdoor way to profit from it.

Tether is the company behind USDT.

USDT is the largest and most popular stablecoin in the world.

Stablecoins are digital dollars that move on blockchains and are pegged 1:1 with USD.

Stablecoins are crypto’s killer use case.

They basically give everyone on Earth instant access to a US dollar bank account. They can be transferred anywhere around the world in mere seconds. 24/7/365.

If you’ve ever found yourself asking, “What is crypto good for?” run this experiment for me. Try sending money overseas. Making an international wire transfer is quite an ordeal. It is costly and takes almost an hour of your time.

Then try to send the same payment with stablecoins via blockchain rails. No banks. No waiting. Stablecoins are the only way to send $10,000 to a friend halfway around the world in seconds, from your phone, for less than a penny.

It’s finance at internet speed.

Folks often talk about crypto replacing the US dollar. If anything, stablecoins strengthen the dollar’s dominance. But I’m certain they’ll replace the 100+ worthless currencies around the world.

In Bolivia, some grocery stores now show prices in USDT:

Visa (V) and Mastercard (MA) are some of the greatest stocks in history.

Look at their charts. Just one all-time high after another. Truly two of the greatest moneymaking machines on Earth:

Visa and Mastercard dominate the payments landscape, processing trillions of dollars in card payment each year. Everywhere I travel in the world, I see two things: Coca-Cola and Visa terminals.

Back in 2024 stablecoins surpassed both Visa and Mastercard for the first time. In 2025, stablecoin volumes surged to around $30–33 trillion, again surpassing the roughly $25 trillion processed by Visa and Mastercard combined:

By late 2025, total supply of stablecoins had grown to roughly $280–300 billion. And major forecasts now see the market reaching around $1.9 trillion by 2030, with some scenarios pointing to $2 trillion even sooner.

Tether’s USDT dominates the stablecoin landscape with around 60% market share. Tether recently also launched USAT, which is a federally regulated US stablecoin.

Unlike money transmitters like Western Union (WU), Tether doesn’t slam you with fees. It basically runs a “money market” business model. Every time someone buys USDT, Tether takes that cash and buys mostly US Treasuries. Then it collects the yield.

Multiply that by $185 billion in circulating USDT and voila, you have the one of the most profitable businesses in the world.

What’s the easiest way to profit from the rise of stablecoins?

Own the rails.

As I mentioned, there’s now roughly $300 billion worth of stablecoins in circulation.

With current trackers putting the total closer to $315–323 billion.

Ethereum still sits at the center of that system. Ethereum L1 alone held more than $123 billion in stablecoins as of Q2 2025, or over 50% of the global market, and the broader Ethereum ecosystem also includes major Layer 2 networks like Arbitrum and Base.

Each time users transact on Ethereum, they pay fees. That is why stablecoins matter so much for ETH. They are one of the biggest real-world drivers of onchain activity, and Ethereum is still monetizing that demand. Token Terminal’s dashboard shows Ethereum generated about $9.4 million in fees over the last 30 days at the time of writing, though that figure reflects all network activity, not just stablecoins.

As stablecoin supply and usage keep rising, Ethereum stands to benefit. More stablecoin settlement means more demand for blockspace across Ethereum and its Layer 2 stack.

That is good for Ethereum’s ecosystem and for ETH holders, who can earn yield by staking. And with stablecoin supply now above $300 billion and still climbing, this first crypto killer app looks more important than ever.